Participation of ABC FACTORS in the “Export Summit VIII”

Events | 03.09.2021

The Managing Director of ABC FACTORS Maria Raikou participated as a speaker in the “Export Summit VIII”, whose theme was “Awareness: A Key Factor to Success” and was organized by the Exporters’ Association of Northern Greece (SEVE) on June 17, 2021.
 
In the event’s Panel on “Financial Product Awareness”, the Factoring services and the advantages that they provide to businesses, especially to Greek exporters, were presented by the Heads of the four main Factoring Companies in Greece. 
Ms. Raikou referred to the contribution of the Factoring Industry to businesses during both the economic and the pandemic crisis, to the performance of the Greek Factoring Industry compared to the European one, and to the prospects after the pandemic.

Specifically, she pointed out that Factoring is a dynamic institution that plays a decisive role in covering the needs of businesses, such as financing, collections and coverage against the credit risk of their trade receivables and, by extension, in the optimal management of the working capital of companies participating in transactions within the supply chain, covering the need for liquidity from their sales made on credit as well as from their liabilities to their suppliers, while maintaining healthy trading relations. She stressed the crucial usefulness of Factoring for the extroversion strategy of businesses, particularly in the demanding and changing post-pandemic environment of cross-border trade transactions, as well as the innovations introduced in factoring products and services by the further digitalization of processes, increasing the added value of the cooperation with Customers.
 
As a Sponsor of the event, ABC FACTORS participated with a virtual stand, whose creation was supported by the Bank's Marketing and Public Relations Division. Conference participants visiting the stand had the opportunity to learn about the services provided and express their interest in a potential cooperation.